Deepwatch, a cybersecurity agency that makes an AI-powered detection and response platform, laid off dozens of staff on Wednesday, citing AI as one of many causes.
John DiLullo, CEO at Deepwatch informed TechCrunch in an electronic mail that the corporate “is aligning our group to speed up our vital investments in AI and automation.”
A present Deepwatch worker, who requested to not be named as a result of they weren’t licensed to talk with the press, informed TechCrunch that the layoffs affected between 60 and 80 staffers, out of a workforce of round 250 staff. A post on Linkedin by an individual who stated they had been laid off talked about 80 folks as nicely.
“They’re doing one thing with AI and agentic AI nevertheless it seems like bullshit,” the present worker informed TechCrunch.
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Eight former Deepwatch staff introduced that they had been laid off, in keeping with LinkedIn posts seen by TechCrunch.
Deepwatch will not be the one cybersecurity firm that has carried out layoffs this yr. In Could, cybersecurity large Crowdstrike laid off round 500 staff, or 5% of its workforce. The cuts got here regardless of a report yr with “working money circulation of $1.38 billion and report full yr free money circulation of $1.07 billion,” in keeping with a press launch on the time.
Different cybersecurity corporations which have lower their workforce this yr are Deep Intuition, Otorio, ActiveFence, SkyBox Safety, and Sophos.
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